IAK vs. SCHD
Compare and contrast key facts about iShares U.S. Insurance ETF (IAK) and Schwab US Dividend Equity ETF (SCHD).
IAK and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAK is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Insurance Index. It was launched on May 5, 2006. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both IAK and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAK or SCHD.
Key characteristics
| IAK | SCHD | |
|---|---|---|
| YTD Return | 33.73% | 17.07% |
| 1Y Return | 40.19% | 29.98% |
| 3Y Return (Ann) | 18.45% | 6.85% |
| 5Y Return (Ann) | 15.64% | 12.79% |
| 10Y Return (Ann) | 12.66% | 11.62% |
| Sharpe Ratio | 2.79 | 2.64 |
| Sortino Ratio | 3.64 | 3.81 |
| Omega Ratio | 1.50 | 1.47 |
| Calmar Ratio | 6.04 | 2.92 |
| Martin Ratio | 17.63 | 14.57 |
| Ulcer Index | 2.29% | 2.04% |
| Daily Std Dev | 14.48% | 11.26% |
| Max Drawdown | -77.38% | -33.37% |
| Current Drawdown | -0.73% | -0.86% |
Correlation
The correlation between IAK and SCHD is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IAK vs. SCHD - Performance Comparison
In the year-to-date period, IAK achieves a 33.73% return, which is significantly higher than SCHD's 17.07% return. Over the past 10 years, IAK has outperformed SCHD with an annualized return of 12.66%, while SCHD has yielded a comparatively lower 11.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IAK vs. SCHD - Expense Ratio Comparison
IAK has a 0.43% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
IAK vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and Schwab US Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
IAK vs. SCHD - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 1.20%, less than SCHD's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 1.20% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% | 1.57% | 1.14% |
SCHD Schwab US Dividend Equity ETF | 3.38% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
IAK vs. SCHD - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for IAK and SCHD. For additional features, visit the drawdowns tool.
Volatility
IAK vs. SCHD - Volatility Comparison
iShares U.S. Insurance ETF (IAK) has a higher volatility of 6.06% compared to Schwab US Dividend Equity ETF (SCHD) at 3.51%. This indicates that IAK's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.